CBC: Trudeau government to send $250 cheques to most people, slash GST on some goods
Prime Minister Justin Trudeau announced Thursday a suite of new measures meant to alleviate some of the affordability pressures people have been experiencing in the post-COVID era â including a two-month GST holiday on some goods and services.
The Liberal government will also send $250 cheques to the 18.7 million people in Canada who worked in 2023 and earned $150,000 or less.
Those cheques, which the government is calling the “Working Canadians Rebate,” will arrive sometime in “early spring 2025,” Trudeau said.
The GST/HST holiday will start on Dec. 14 and run through Feb. 15, 2025.
People will be able to buy the following goods GST-free: âŚ
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The federal debt has doubled over the last nine years to $1.4 trillion. The cost to service that debt is projected to be $54.1 billion in 2024-25.
When asked whether it’s appropriate to slash the GST on products that could be considered luxury goods, like pricey video game consoles, Trudeau said most of the government’s affordability measures to this point have been more targeted, like GST rebates for low-income people and an OAS boost for seniors. He argued it’s time to give to everyone some relief.
“It’s time for people to get a bit of a break,” Trudeau said.Â
Taxes pay for government programs. If there’s no change in spending then this is just a tax deferment.
Globe: Trudeau announces two-month partial GST holiday, $250 cheques for many Canadians
Christmas trees, kids' toys and restaurant meals are among the items that Canadians will no longer have to pay sales tax on, Prime Minister Justin Trudeau announced Thursday as he also said his government would send many Canadians $250 cheques in the mail next year.
For two months beginning on Dec. 14 the federal goods and services tax will be lifted on a long list of items, many of which are popular items over the holidays for shopping and party hosting.
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Last Updated: 21.Nov.2024 13:42 EST
